Re: options
in response to
by
posted on
Jul 08, 2010 01:47AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Pam & Kent - I appreciate your contributions to this forum, however I have to question the common sense of buying $2.50 options when the stock is at $.40. Yes you may get them at $.05 however as you know they have a limited life. When KRY was in the money I was in the options(made some and lost some as KRY dropped), but I do not see the risk/reward of options with a $.40 stock. Buy the stock at $.40 and not be concerned about expiration and the lost $.05. FYI - I was a charter member of the CBOE & PSE options xchge and using time premium is one of the best ways to make $$$. So all those options we bot when KRY was in the $3's was gravy to the sellers. At $.40 it makes no sense Not to buy the stock - IMHO and good luck.